ADVANCE ENZYMES - BREAKOUT WITH VOLUME
Updated
Advanced Enzyme Technologies Ltd. is an interesting chart in momentum with following
1. RSI on all time frames above 60
2. Price crossed above a box consolidation zone of 404 level last week
3. Breakout of six month long consolidation with high volume.
4. Narrowing Bollinger Bands on weekly chart
5. Price moving on upper Bollinger band on daily chart
can be a good risk reward option with buy on dips and dips only
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Price crossed above a box consolidation zone of 404 level last week
3. Breakout of six month long consolidation with high volume.
4. Narrowing Bollinger Bands on weekly chart
5. Price moving on upper Bollinger band on daily chart
can be a good risk reward option with buy on dips and dips only
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade active
Stock has made a high of 470 today and is trading at 462+ levels as on 19-8-2024 almost 6.70 % gain in 15 days. It seems as if it is progressing towards it's pattern point "D"
Lets see How it evolves from here.
Disclaimer
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